MongoDB
MDBMarket price data through August 3, 2026.
Performance
Aug 2021 – Aug 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- +25%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$287
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- September 2024
- The month this stock first became a Benson pick.
- Tracking duration
- 22 months
- How long Benson has been tracking this pick.
About MongoDB
MongoDB is the database powering modern AI applications. Instead of forcing data into rigid rows and columns like old school databases, it stores messy, unstructured data the way AI agents actually need it. With Atlas now serving as the unified backend for production AI agents through a fresh LangChain partnership, MongoDB sits at the data layer of the agentic AI buildout.
The case for and against
Both sides of the story, in plain English.
- Accelerating Backlog
Remaining performance obligations exploded 88% year over year to 1.46 billion dollars, meaning customers are signing bigger, longer contracts. Q1 revenue grew 25% to 687.6 million dollars, with Atlas up 29% and management raising full-year guidance to as high as 2.96 billion dollars. The signal is clear, demand is strengthening, not slowing.
- Profit Inflection
MongoDB just flipped to positive net income of 4.4 million dollars, versus a 37.6 million dollar loss a year ago. Free cash flow nearly doubled to 197.5 million dollars in a single quarter. With 2.4 billion dollars in cash and zero debt, the balance sheet remains a fortress while operating leverage finally kicks in.
- Hyperscaler Squeeze
Amazon, Microsoft, and Google all bundle their own databases with cloud spending and can subsidize pricing. PostgreSQL keeps gaining as a free open source alternative. Full year non-GAAP operating income guidance of 571 to 591 million dollars implies margins that still face real pressure from these competitive forces.
- Lofty Expectations
After the guidance raise, the bar gets higher every quarter. Management is now guiding Q2 revenue of 729 to 734 million dollars and full year non-GAAP earnings of 5.95 to 6.14 dollars per share. Any stumble on Atlas consumption or AI monetization could quickly reset the multiple lower given the stock's sensitivity to growth.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-08-03. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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